NORTH BERWICK, Scotland,
Gossan Burn is a new outcropping copper discovery along a trend of old copper workings from the 1860's located south of the Stronchullin orogenic gold vein system, where Western Gold carried out exploration drilling in 2021.
The Company has identified the potential for Volcanogenic Massive Sulphide (VMS) mineralization of the Besshi style epitomized by the giant Windy Craggy deposit in
The drill rig is a special helicopter portable light rig mounted on a rubber tracked Moorooka to minimize ground disturbance. The proposed plan for the drilling programme will be 6 diamond drill holes of 180-200m depth each, for aggregate drilling of up to 1200m, which will be used to evaluate the economic potential of the Gossan Burn prospect.
Drilling will target the base metal geochemical anomalies and some deeper geophysical targets. The E-W fault at Gossan Burn will also be drill tested with the aim of investigating potential secondary remobilisation of mineralisation along this structure.
The Company has engaged Priority Drilling as drilling contractors, having undertaken the drilling program at Stronchullin in 2021. Priority Drilling have consistently delivered greater than 95% core recoveries. Required planning consents have been granted and as part of the Company's enhanced health and safety guidelines, strict regulations are being applied across the site to continue to ensure full Covid compliance, including routine testing of all personnel.
The Company estimates that this drilling programme will commence at the end of May with assay results due in the third quarter of 2022.
Further details can be found in the Company's "NI 43-101 Technical Report, Geological Introduction to
The Company has filed its audited consolidated financial statements and Management's Discussion and Analysis ("MD&A") for the fiscal year ended
The Company is a Mineral Exploration company that is listed on the
In the Kilmelford area the Company has a copper gold porphyry prospect within the Lagalochan intrusive breccia complex. First explored by BP minerals in the 1980's the area has seen little work since. The Lagalochan porphyry system is a copper gold porphyry stock with minor molybdenum associated and represents one of the few examples of mineralised porphyry intrusive within the Appalachin/Dalradian terranes. Lower temperature zinc-lead bearing shears and epithermal gold bearing vein systems are also noted in the area. Gold rich skarn mineralization has also been rock-chipped in outcropping carbonate rocks bordering the intrusive complex.
Additional information about the Company is available on SEDAR at www.sedar.com under the Company's profile and on the Company's website at www.westerngoldexploration.com
Mr.
All analytical work has been completed at the ALS Geochemistry laboratory facility in Loughrea,
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward looking statements include, but are not limited to, statements with respect to those that address potential quantity and/or grade of minerals, potential for minerals and/or mineral resources, timing and plans for any exploratory drilling and statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to the future business activities and operating performance of the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended
Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the
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